06/26/2014
BNP Paribas SA said to move compliance operations to US as settlement nears
BNP Paribas SA is relocating its US sanctions compliance operations to New York from Paris.
Legal, Regulation & Compliance
06/26/2014
Linklaters advises the UK Government on its debut sovereign Sukuk
The issue represents a landmark stage in the UK Government’s strategy to promote the UK as a global gateway for Islamic finance
06/26/2014
Russia Unlikely to Ban Foreign Bank Accounts for Companies
It is being pushed. There are pushers
06/25/2014
Eversheds advises Investec Bank on £308.5m main market IPO of FDM Group
Eversheds has advised Investec Bank, as sponsor and sole bookrunner, on the £308.5m main market initial public offering (IPO) of FDM Group, an IT-focused international professional services provider.
06/25/2014
British mergers watchdog probing top Daisy investors -Sky News
Under British regulations, any investor or group of investors deemed to be a so-called concert party can be forced to make an offer to purchase the remaining shares i
06/25/2014
EU to consider financial industry tax to fund watchdogs
Staffing and budgets of the three watchdogs are modest compared with regulators in the larger member states
06/25/2014
Government acts to improve focus on customers of financial services
The Bill sets out measures to help hard working people have confidence in their employers and reduce the barriers that can hold businesses back from growth.
06/25/2014
Former Schroders equity trader charged for insider trading
The Financial Conduct Authority has charged Damian Frank Clarke, a former equities trader at Schroders Investment Management Limited, with 9 counts of insider dealing, contrary to Section 52 of the Criminal Justice Act 1993.
06/25/2014
Retired banker at Coutts 'laundered fraud proceeds'
He spent 30 years at Coutts, the Queen's banker, is accused of allowing his son Matthew Noad, 29, to funnel £655,000 through his bank accounts
06/24/2014
Countdown To MiFID II Go-Live Date Begins
The revised Markets in Financial Instruments Directive (MiFID II) and new Regulation (MiFIR) were published yesterday in the Official Journal and will enter into force on 2 July.
06/24/2014
Ex-Millennium Fund Manager Gets Four Years in Prison
The life sentence recommended under non-binding federal guidelines
06/24/2014
Attitudes to AIFMD mellowing, finds Multifonds' survey
Respondents from the funds industry, who collectively manage and administer assets exceeding US$10 trillion and US$35 trillion respectively, are showing a significantly more positive attitude to the regulation despite facing the imminent 22nd July AIFM a
06/24/2014
FCA Hires Leeson Law Firm For Insurance Probe
The firm which advised the world's most infamous rogue trader acts for the City watchdog boss in a crucial probe, Sky News learns.
06/24/2014
Proposed revisions to Pillar 3 disclosure requirements published by the Basel Committee
The Basel Committee on Banking Supervision has today published for consultation its Review of the Pillar 3 disclosure requirements.
06/23/2014
Financial Services Specialist joins Scotish law firm
He has specialised in financial services work for insurance companies, banks, building societies, asset management companies and other institutions
06/23/2014
Ecclestone Indictment Calls F1 "Bribe" Into Question
New evidence from German prosecutors has called into question whether Bernie Ecclestone paid a bribe to steer the sale of Formula One in 2006 to the private equity firm CVC.
06/23/2014
Leading London Venture Capital Partner to Join Orrick
Over the past two years, Orrick’s emerging companies group has counseled on nearly 600 venture capital-backed transactions
06/23/2014
Documents Said to Tie Former RBS Unit to bin Laden Family Members
Royal Bank of Scotland Says It Didn't Do Business With Osama bin Laden
06/23/2014
Jersey Financial Services Commission proposes to amend Money Laundering (Jersey) Order 2008
The Commission’s objective has been to apply international standards in a way that is consistent with neighbouring territories, and the money laundering and terrorist financing risk present in Jersey.
06/23/2014
Maitland launches AIFMD fund platform in Luxembourg
MS Management Services, a Luxembourg-based subsidiary of the Maitland group, has been authorised by the CSSF to act as an alternative investment fund manager